Group 1 Automotive (GPI) is Initiated by Seaport Global Securities to Neutral

Group 1 Automotive (GPI) was Initiated by Seaport Global Securities to “Neutral”. Seaport Global Securities advised their investors in a research report released on Aug 9, 2016.

Many Wall Street Analysts have commented on Group 1 Automotive. Group 1 Automotive was Upgraded by Buckingham Research to ” Buy” on Jul 20, 2016.

On the company’s financial health, Group 1 Automotive reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.09. The company had revenue of $2782.40 million for the quarter, compared to analysts expectations of $2896.14 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS.

Group 1 Automotive closed down -0.49 points or -0.80% at $61 with 2,01,483 shares getting traded on Monday. Post opening the session at $61.56, the shares hit an intraday low of $60.76 and an intraday high of $62.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 16, 2016, Frank Grese (Senior Vice President, HR) purchased 36 shares at $58.27 per share price. According to the SEC, on Sep 21, 2015, J. Brooks O’hara (VP, Human Resources) sold 2,500 shares at $89.18 per share price. On Aug 26, 2015, Doyle L Arnold (director) purchased 1,500 shares at $87.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Group 1 Automotive Inc. is an operator in the automotive retail industry. The Company sells new and used cars and light trucks arranges related vehicle financing sells service and insurance contracts provides automotive maintenance and repair services and sells vehicle parts. The Company operates through three segments: the U.S. which includes the activities of its corporate office the U.K. and Brazil. As of September30 2015 the Company owned and operated approximately 162 automotive dealerships approximately 212 franchises and approximately 37 collision centers in the United States and the United Kingdom and Brazil offer approximately 34 brands of automobiles. In addition the Company operates in international regions including the United Kingdom and Brazil. As of February 4 2016 the Company had approximately 29 dealerships in the United Kingdom. As of September30 2015 the Company had approximately 19 dealerships in Brazil. .

Group 1 Automotive

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